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Brinker International, Inc. issues news on a casual dining portfolio led by Chili's Grill & Bar and Maggiano's Little Italy. Company updates commonly cover restaurant sales trends, fiscal earnings, guidance, cash flow uses, and capital actions such as revolver repayment and share repurchases.
Brand announcements often focus on Chili's menu value platforms, burgers, chicken sandwiches, fajitas, margaritas, and national marketing programs, along with Maggiano's Italian-American menu, family-style dining, delivery, carryout, and banquet services. Corporate news also includes leadership changes and marketing oversight across both restaurant brands.
Brinker International has appointed Frank Liberio to its Board of Directors. Liberio, a seasoned technology leader in the restaurant industry, previously served as EVP and Global CIO for Restaurant Brands International. He also worked at McDonald's for over 16 years, including as Senior VP and Global CIO, where he spearheaded their digital transformation. Joe DePinto, Brinker's Chairman, emphasized that Liberio's expertise will be instrumental in supporting Brinker's growth strategies, particularly in enhancing the guest experience.
Chili's Grill & Bar has unveiled a revamped version of the classic BurgerTime arcade game called Chili's Big Smasher BurgerTime. Players, assuming the role of Joe ChiliHead, can win free burgers for life by building Big Smasher Burgers and defeating fast-food villains across six levels. The game, available until July 14, is part of Chili's strategy to attract customers with better value compared to rising fast-food prices. The Big Smasher burger, featured on the 3 For Me menu at $10.99, includes classic fast-food flavors. High scorers in the game can win lifetime burgers, -edition arcade cabinets, and gift cards.
Brinker International (NYSE: EAT) has promoted Jeremy Linker to Senior Vice President, Brand Finance, effective June 27, 2024.
Linker has been with Brinker for over 20 years, most recently serving as VP, Brand Finance and Construction.
In his previous role, he led the brand's pricing strategy and reinvestment efforts to enhance restaurant facilities.
Brinker CEO Kevin Hochman emphasized Linker's significant contributions to financial and operational progress.
Linker has played a vital role in several initiatives, including the Chili's Core 4 team, and will report to Mika Ware, the new EVP and CFO, also effective June 27.
Maggiano's Little Italy® is celebrating Mother's Day with specialty menus and fresh May features, offering dine-in and carryout options. The restaurant introduces seasonal offerings and chef-curated menus to honor moms across the country. The -time menu includes starters, entrees, and desserts, with a three-course specialty menu exclusively available on Mother's Day. Maggiano's also offers a hot carry-out bundle option for those celebrating at home. Reservations can be made online or via the app for a quality dining experience.
Brinker International reported strong financial results for the third quarter of fiscal 2024, with company sales reaching $1.108.9 million, a 3.3% increase in comparable restaurant sales, and net income per diluted share of $1.08. The company's operating income margin increased to 6.2% and restaurant operating margin to 14.2%. CEO Kevin Hochman attributes the success to guest and team member experience improvements, driving industry outperformance in sales and traffic.
Chili's Grill & Bar introduces the Big Smasher Burger and Crispy Chicken sandwich as part of its 3 For Me menu to compete with rising fast food prices. The Big Smasher Burger boasts twice the beef of a Big Mac and flavors familiar to fast food lovers, all for just $10.99. The menu, including bottomless chips and salsa, offers added value since 2022. Chili's also launches a marketing campaign challenging fans to share why Chili's is better than fast food.
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